Research Analysts Offer Predictions for ALGT FY2026 Earnings

Allegiant Travel Company (NASDAQ:ALGT) – Equities research analysts at Zacks Research boosted their FY2026 earnings estimates for shares of Allegiant Travel in a research note issued on Tuesday, August 25th. Zacks Research analyst Team now forecasts that the transportation company will post earnings per share of $8.07 for the year, up from their prior forecast of $7.53. Zacks Research has a “Strong-Buy” rating on the stock. The consensus estimate for Allegiant Travel’s current full-year earnings is $6.95 per share. Zacks Research also issued estimates for Allegiant Travel’s Q4 2026 earnings at $2.11 EPS and FY2028 earnings at $13.25 EPS.

ALGT has been the subject of several other research reports. Raymond James Financial upgraded Allegiant Travel from an “outperform” rating to a “strong-buy” rating and dropped their price objective for the stock from $138.00 to $116.00 in a report on Monday. JPMorgan Chase & Co. started coverage on Allegiant Travel in a report on Wednesday, July 1st. They set an “overweight” rating and a $156.00 target price for the company. Weiss Ratings raised Allegiant Travel from a “sell (d-)” rating to a “sell (d)” rating in a research note on Tuesday, August 11th. Bank of America raised their price target on Allegiant Travel from $100.00 to $120.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 1st. Finally, Barclays assumed coverage on shares of Allegiant Travel in a report on Wednesday, July 8th. They issued an “overweight” rating and a $145.00 price target on the stock. Two equities research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating, four have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $128.38.

Allegiant Travel Stock Up 0.8%

Shares of NASDAQ:ALGT opened at $82.32 on Wednesday. Allegiant Travel has a 1 year low of $57.11 and a 1 year high of $123.63. The company has a market cap of $2.25 billion, a PE ratio of 58.38, a P/E/G ratio of 0.23 and a beta of 1.53. The company has a debt-to-equity ratio of 1.38, a current ratio of 0.83 and a quick ratio of 0.80. The stock’s 50-day moving average is $100.10 and its 200 day moving average is $91.99.

Allegiant Travel (NASDAQ:ALGT) last issued its quarterly earnings data on Tuesday, August 4th. The transportation company reported $2.19 EPS for the quarter, beating the consensus estimate of $1.27 by $0.92. The firm had revenue of $943.49 million during the quarter, compared to the consensus estimate of $982.70 million. Allegiant Travel had a net margin of 0.90% and a return on equity of 10.83%. The company’s quarterly revenue was up 36.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.23 earnings per share. Allegiant Travel has set its Q3 2026 guidance at -1.000–0.000 EPS.

Institutional Trading of Allegiant Travel

Several large investors have recently bought and sold shares of the company. BlackRock Inc. bought a new position in shares of Allegiant Travel in the 2nd quarter worth approximately $416,591,000. Donald Smith & CO. Inc. bought a new stake in shares of Allegiant Travel during the second quarter valued at approximately $175,636,000. California State Teachers Retirement System grew its stake in Allegiant Travel by 18,653.3% in the second quarter. California State Teachers Retirement System now owns 886,469 shares of the transportation company’s stock worth $104,249,000 after purchasing an additional 881,742 shares during the period. Dimensional Fund Advisors LP grew its stake in Allegiant Travel by 0.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 828,012 shares of the transportation company’s stock worth $70,607,000 after purchasing an additional 7,228 shares during the period. Finally, Par Capital Management Inc. raised its holdings in Allegiant Travel by 11.1% in the second quarter. Par Capital Management Inc. now owns 584,996 shares of the transportation company’s stock worth $32,146,000 after purchasing an additional 58,566 shares in the last quarter. 85.81% of the stock is owned by institutional investors.

About Allegiant Travel

Allegiant Travel Company is a holding company that operates Allegiant Air, a low‐cost leisure airline offering scheduled and charter air service. The company focuses on connecting underserved secondary markets with popular vacation destinations across the United States. By targeting price‐sensitive leisure travelers, Allegiant Air operates a point‐to‐point network that avoids the traditional hub‐and‐spoke model, providing non‐stop flights from smaller cities to resort and entertainment hubs.

In addition to its core flight operations, Allegiant Travel Company offers packaged travel services that include hotel accommodations, rental cars and attraction tickets through its online portal.